Craig-Hallum analyst Greg Palm raised the firm’s price target on Transcat (TRNS) to $125 from $113 and keeps a Buy rating on the shares. Earlier this week, Transcat acquired Martin Calibration, which should be a highly strategic fit, adding scale, service capabilities and geographic exposure to the Midwest, the firm says. Financially, Craig-Hallum expects it to be accretive to EBITDA margins and overall profitability, with significant synergy potential.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TRNS:
- Transcat Expands with Major Acquisition of Martin Calibration
- Transcat price target lowered to $113 from $138 at Craig-Hallum
- Transcat price target lowered to $110 from $130 at Northland
- Transcat price target lowered to $130 from $155 at Oppenheimer
- Transcat price target lowered to $126 from $156 at H.C. Wainwright
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue